Anti-Money Laundering Training Services

AML Training Services

Midshore are able to provide a full suite of training options, from regular staff awareness/update training through to workshops for the experienced MLRO. Training can be delivered live or via our MOT (Midshore Online Training) platform.

Midshore have also already prepared AML Refresher modules of which a certificate of completion will be awarded, you can take these online here.

Why do you need AML Training?

AML Training is a requirement under Article 46 of the Fourth Anti Money Laundering Directive (AML4D). Within the Channel Islands both the Bailiwick of Guernsey and Jersey have also made training a requirement within their AML / CFT Handbook’s.
For those working in the Gambling sector under the Alderney Gambling Commission:

  • The training should include proportionate measures to the nature of the business and its size
  • Training should be conducted at least every two years.

Midshore have come up with suitable training programs for staff members at all levels, these are outlined below.

AwarenessExpertWorkshop
Provides the following:Specialist training in:The workshop covers:
High level awareness of
AML /CFT
Anti-Money
Laundering
Risk Issues
Understanding the need of AML / CFT awarenessSanctionsMLRO Duties
Bribery &
Corruption
Handbook / Regulatory Updates
Case Studies
Recommended for: All staff within a businessRecommended for: Experienced Compliance Officers & MLROs Recommended for: Senior managers, Compliance Officers & MLROs

Midshore can also offer a fully tailored training program suited to your business needs. Please contact us for further information or to discuss your requirements.

International AML Services

International AML Services

As international regulatory specialists, Midshore are able to assist with AML/CFT regulation in many different countries. We are here to ensure businesses remain compliant, no matter how far those businesses expand geographically.

Every jurisdiction in the world has an AML/CFT regime that covers both their financial services industry and other areas such as professional services (law and accounting businesses). Whilst every country has their own legal and regulatory requirements the best practice “standard” are the 40 Recommendations and 9 Special Recommendations issued by the Financial Action Task Force (FATF).

Another multi-national requirement is the European Union’s 4th AML Directive, which has had to be transposed into the national law of the various EU member states.

Midshore’s AML/CFT Services for International Clients

  • Providing MLRO administration assistance
  • Mapping AML/CFT requirements for your business
  • implementing appropriate changes to procedures & policies
  • Ascertaining the need and scope of remediation – using our staff or yours
  • Assisting with your AML/CFT business risk management
  • Remediating your existing client base
  • Ensuring a review & monitoring programme is established
  • Training at levels appropriate for your staff

Different levels of service are available from consultation or advice (using our Assure by Midshore service) to full programme management with a team of analysts and administrators to assist. Please contact us to discuss the requirements of your business.

Jersey AML Services

Jersey AML Services

In the Bailiwick of Jersey the Jersey Financial Services Commission (JFSC) has responsibility for the supervision of those businesses who must comply with the island’s AML/CFT regime. This covers regulated financial services businesses as well as the legal sector, accounting sector, estate agents and high value dealers.

The Jersey AML/CFT Regime has remained unchanged since early 2015, however it may be expected that changes will be made to ensure that the deficiencies highlighted in the island’s latest MONEYVAL report are addressed before the next assessment visit is scheduled.

Midshore are able to assist with any business, financial services or otherwise, in compliance with the existing regime. We are also actively keeping abreast of any changes that may be made to ensure that we can assist our clients as the need arises.

Midshore’s AML/CFT Services for Jersey

  • Providing MLRO administration assistance
  • Mapping AML/CFT requirements for your business
  • Implementing appropriate changes to procedures & policies
  • Ascertaining the need and scope of remediation – using our staff or yours
  • Assisting with your AML / CFT business risk management
  • Remediating your existing client base
  • Ensuring a review & monitoring programme is established
  • Training at levels appropriate for your staff

Different levels of service are available from consultation or advice (using our Assure by Midshore service) to full programme management with a team of analysts and administrators to assist. Please contact us to discuss the requirements of your business.

Bailiwick of Guernsey AML Services

Guernsey & Alderney AML Services

The Bailiwick of Guernsey includes two AML/CFT regulators – the Guernsey Financial Services Commission (GFSC) and the Alderney Gambling Control Commission (AGCC). The GFSC covers both financial services businesses (regulated, non-regulated and money service providers) and prescribed businesses (legal professionals, accountants and estate agents). The AGCC is responsible for the eGambling industry.

The Guernsey AML/CFT Regime is currently undergoing review following an unprecedented number of responses to the recent consultation. The consultation contained many changes proposed by both the Government and the regulator to ensure that deficiencies highlighted in the island’s latest MONEYVAL report were addressed.

Whilst the new framework remains in flux, Midshore are able to assist with any regulated, registered or prescribed business in compliance with the existing regime. We are also actively keeping abreast of the coming changes and will be able to assist businesses throughout the transition period and beyond.

The AGCC has its own AML/CFT framework that eGambling licensees must comply with, including a comprehensive questionnaire to show compliance with the various requirements of the framework.

Midshore’s AML/CFT Services for Guernsey & Alderney

  • Act as MLRO on your behalf / Provide MLRO administration assistance
  • Mapping AML/CFT requirements for your business
  • Implementing appropriate changes to procedures & policies
  • Ascertaining the need and scope of remediation – using our staff or yours
  • Assisting with your AML / CFT business risk management
  • Remediating your exsisting client base
  • Ensuring a review & monitoring programme is established
  • Training at levels appropriate for your staff

Different levels of service are available from consultation or advice (using our Assure by Midshore service) to full programme management with a team of analysts and administrators to assist. Please contact us to discuss the requirements of your business.

Anti-Money Laundering Services

Every jurisdiction in the world has an AML/CFT regime that complies, to varying degrees, with the 40 Recommendations and 9 Special Recommendations set out by the Financial Action Task Force (FATF). Each jurisdiction’s regime is benchmarked for compliance with these Recommendations by a peer review process.

For the Bailiwicks of Guernsey and Jersey this process is performed by MONEYVAL, part of the Council of Europe. Licensees in any jurisdiction will need to ensure that AML/CFT compliance is at the core of their business to ensure compliance with their own national regime.

Midshore can assist any business in complying with their local regime, as well as ensuring that changes to the regime are implemented in a timely and cost-effective way.

Midshore can assist by:

  • Mapping AML/CFT requirements for your business
  • Implementing appropriate changes to procedures & policies
  • Ascertaining the need and scope of remediation
  • Remediating your existing clients
  • Assisting with your business AML/CFT business risk assessment
  • Ensuring a review and monitoring programme is established
  • Providing progress reports and a final report detailing all work undertaken
  • Training your staff on the latest AML/CFT regime either in-house or online
  • Provide training for the CISI’s Combating Financial Crime examination

Different levels of service are available from consultation/advice to full programme management with a team of analysts & administrators to assist with remediation. Correcting or completing the documentation held on client files is one of the easy, but often overlooked, ways to ensure your business remains on the right side of regulation.

Midshore can also provide a Money Laundering Reporting Officer (“MLRO”, where permitted by the local regulatory regime) or outsourced assistance to provide valuable resource to your own MLRO.

We will remain abreast of changes in the relevant AML/CFT regime and will implement regulatory changes into our programme as they are published. It is important for our clients to be sure that they are compliant with the latest AML/CFT requirements wherever they are based.